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EDU Shares Rise 5%

Shares of New Oriental Education & Technology Group Inc. (EDU) are currently trading at $23.97, up $1.22 or 5.36%, with trading volume of over 1.48 million versus an average volume of 6.31 million shares.

Cambridge-based health-tech platform Healthera, on Thursday, announced that it has received investment from Serafund, a VC fund backed by entrepreneur and investor Bob Xiaoping Xu. This venture round was structured under a convertible loan note and oversubscribed with participation from several existing investors.

Bob Xiaoping Xu is an entrepreneur who co-founded New Oriental Education & Technology and later became a VC and angel investor. He was a founding Managing Partner for ZhenFund, an early stage-focused fund with over 700 companies in its portfolio, of which 26 have either gone public or reached valuations above $1 billion.

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